Quantum computing stocks sit at the crossroads of advanced research and real world problem solving, and that makes this screener especially interesting while central banks weigh inflation risks, bond yields press higher, and energy prices shape rate expectations. With policy signals mixed across the US, Europe, and Asia, many investors are looking for themes driven more by long term technological progress than by the next rate move. This Quantum Computing Stocks screener filters companies pushing forward in areas such as quantum algorithms and superconducting qubits. The rest of this article highlights 3 stocks from the list that stand out for closer research.

IonQ (IONQ)

Overview: IonQ is a quantum computing company that gives customers access to its trapped ion quantum systems through major cloud platforms and its own services, while also working on quantum secure communications and detection technologies. It generates revenue from cloud access, bespoke hardware systems, maintenance, and consulting to co develop quantum algorithms, backed by research ties such as its collaboration with the University of Chicago.

Operations: IonQ currently generates about US$187.1 million in revenue entirely from Computer Services, with around US$122.4 million from the United States, US$27.5 million from Switzerland, and US$37.2 million from other international markets.

Market Cap: US$12.9b

IonQ attracts attention because it sits at the center of the quantum computing story, offering access to its systems via the major cloud platforms while pursuing room temperature trapped ion hardware that aims to keep long term costs in check. The company has recently turned profitable, reports strong liquidity of about US$3.1b, and holds a growing contracted backlog that includes government and security focused work. However, the share price has been highly volatile and the P/E ratio is well above broader tech averages. Taken together with forecast revenue growth alongside expected earnings declines, ongoing cash burn, dilution, and a relatively new board, this is a high potential but high risk stock that many investors will want to understand in more depth before making a decision.

IonQ’s jump to profitability, large liquidity pool around US$3.1b, and volatile share price make the story feel incomplete, so it is worth seeing how the market is weighing the 3 key rewards and 4 important warning signs (3 are major!)

Western Digital (WDC)

Overview: Western Digital is a long established data storage company that supplies hard disk drives and related systems for everything from consumer PCs and external drives to large data centers across the Americas, Europe, the Middle East, Africa, and Asia, and it is working with Open Quantum Design on quantum error correction to support more reliable quantum computing. Its storage products reach customers through major computer manufacturers, distributors, retailers, and its own sales channels.

Operations: Western Digital generates about US$11.8b in revenue from Hard Disk Drives, with remaining reported revenue reflecting segment level adjustments across its global footprint including Europe, the Middle East, and Africa.

Market Cap: US$191.9b

Western Digital sits at the heart of AI infrastructure, supplying high capacity HDDs and platforms to leading cloud providers while working on quantum era storage security through post quantum cryptography and quantum error correction collaborations. Revenue and earnings growth are reported as strong, margins are high at 53.9%, and analysts report attractive earnings and return on equity projections. At the same time, the stock is described as trading well below some fair value estimates, which draws in value focused investors. Heavy dependence on a small group of hyperscale customers, high leverage, and significant insider selling mean the AI storage opportunity also carries notable risk for anyone considering the stock.

Western Digital’s AI storage story and high margins are only half the picture, especially if the stock really trades well below some fair value estimates. See how the market is pricing that gap in the DCF valuation analysis for Western Digital

D-Wave Quantum (QBTS)

Overview: D-Wave Quantum develops and delivers quantum computers, software tools, and cloud services that help enterprises tackle complex optimization problems in areas such as logistics, manufacturing, finance, and drug discovery. Its platforms combine quantum hardware with classical computing through the Leap cloud service and Ocean SDK so customers can build and run real world applications over the internet.

Operations: D-Wave Quantum generates about US$12.4 million in revenue from Internet Software & Services, with reported geographic revenue primarily from Germany (US$4.1 million), the United States (US$3.8 million), and other international markets.

Market Cap: US$6.3b

D-Wave Quantum is notable because it is focused on turning quantum computing into a practical tool for business today, rather than treating it as only a long term research project. The company has forecast revenue growth of about 45.23% per year, a dual platform roadmap that spans both annealing and gate model systems, and government backed research grants that position it within enterprise quantum adoption. At the same time, D-Wave remains loss making with a weak return on equity, relies heavily on external funding, has seen shareholder dilution, and the stock has declined around 16.4% over the past year amid sharp volatility. For investors who can tolerate those risks, the combination of rapid growth expectations and expanding commercial contracts may justify a closer look at how the story could develop from here.

Accelerating revenue expectations and enterprise traction put D-Wave Quantum in rare territory, yet the stock’s volatility and funding needs suggest a twist that many investors may be missing. It is worth reading the analyst forecasts for D-Wave Quantum

The three quantum computing stocks covered here are only the start, as the full Quantum Computing Stocks screener surfaces 23 more companies with equally compelling narratives across hardware, software, and research. To identify the highest conviction ideas for your own watchlist, you can analyze the specific catalysts and stories that matter to you through the Quantum Computing Stocks screener.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.